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20121121
20121129
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CNBC
Nov 27, 2012 4:00am EST
economy any. unlikely to be any good news. third quarter gd figures expected to be revised down. and it's point, click, buy. americans were doing plenty of that yesterdays as early reports suggest online holiday sales soared on cyber monday. and all bets are off. prediction market entrade says it can no longer accept u.s. customers as market regulators say its trades aren't legal. shanghai composite closed below 2,000 for the first time in three years. it comes at a time when plenty have been talking up chinese growth prospects for next year. so we'll get into that more later. but 1991 is the closing level. this the main one to watch across asia. the nikkei did manage to continue it rally adding about 0.4% as the yen weakens on comments this morning. forex, the dollar-yen one to watch, 82.19 is the level there. the aussie dollar doing a little bit abouter despite that weak number on the shanghai composite. sterling is flat. we'll get into that more later. and euro-dollar just barely higher today, we did see it rallying over the 1.30 mark last night. as we look at crude rallying adding a t
CNBC
Nov 21, 2012 4:00am EST
modest bill. the key point is the longer this drags on, the uncertainty continues to hurt the economy and continues to undermine markets. >> james nixon, thank you. autonomy's ceo says he's shocked by allegations of mismanagement. they've been forced to take a nearly $9 billion charge because of what it called serious improprieties. lynch says the trouble arose after hp took over the company. >> we've been talking about a massive elephant in the room that wasn't spotted. the reason it wasn't spotted is very simple, it wasn't there. it was done, in their own words, meticulously and great detail. and then they actually ran the company, including doing all of the books for the last four quarters. >> hp shares down 12% yesterday, closing on a ten-year low right now. that is the euro's closing price. >>> still to come later, he's now apologized to the investors for the poor call and says the end for hp is not even sight. >>> also, japan has posted its worst trade deficit in october for more than three decades. exports dropped sharply amid territorial tensions between tokyo and beijing. it
CNBC
Nov 28, 2012 4:00am EST
we're going to get this full 3.5%, 4% gdp hit smack into the economy on january 1st. the problem is that time is marching on. we've had the election, we've had thanksgiving. the excuses are running out. the lame-duck session is only so long. that's probably why the markets are getting nervous. although you may get a deal done in q-1 rather than in q-4, the fact that it actually hits from january 1st is going to keep business very cautious, very defensive and that's going to worry the equity market. >> it's interesting because it also comes against the landscape where we've seen chinese equities underperform, they reminded us very few of its member countries have great growth prospects going forward. that's probably wise. people are saying why is it that across the globe the u.s. fiscal cliff is such an issue. well, it's because sources of growth at this point are few and far between. >> that is the problem. where is growth going to come from. the one place that looked set for a reasonable 2013 was the u.s. economy. europe flat, china slower probably than this year. but a reasonable
CNBC
Nov 23, 2012 4:00am EST
week about the german economy. suggests we may be heading into possibly contraction territory. expecting it to be around 99.5 versus 100. expectations entex is frft at 93.2, unchanged from the previous reading. not out yet. kathleen brooks is with us. i'm not sure why we don't have it but anyway, whatever your expectations are for this, how close is germ 234i going to skirt with contraction in the fourth quarter? >> it certainly has been slowing down and it looks like there's the possibility that even germany is starting to have some mild contraction and maybe even in the technical recession i would think over the next two quarters. the economic indicators have been coming down in determine any, there had been an expectation that consumption kicks up more in the country. which it has a little bit, but a little less than maybe people have been expecting. obviously the fallout from the international crisis and the backdrop is not really helping. >>. >> euro-dollar edging up to a three week high. growth numbers don't seem to mary ann awful lot to the traders. >> no. it's been abl
CNBC
Nov 26, 2012 4:00am EST
japanese economy which is evident to a lot of fundamentals we're seeing. and i think it will cause levels to drop further. >> they could actually just do old fashioned money printing. just put more bank notes and -- instead of buying government debt, they could do it the old fashioned way. >> that is definitely an option. i think they'll be trying every resource possible. i think there is just no demand for credit. you can flood the market, but who is there to demand it. >> so the yen strength is overdone. what does that mean for some of the other cost rates looking at euro-dollar now firmly in this range. is that in place for a while? >> i think we've seen a lot of range shading at the moment even in terms of the election, we see no reaction in euro-dollar. i do think we'll remain range trading right up up until the end of this quarter. the omt policy is really underpinned euro u.s. and created a floor under this currency. >> okay. good to see you. thanks for that. the financial services authority has hit ubs with a 27.9 million pound fine for systems and control failings related to its
CNBC
Nov 29, 2012 4:00am EST
next year that doesn't sound too rosy. you talk about the economy contracting half a percent. challenges in the core countries. so walk us through how important the german vote is tomorrow and whether greece gets its aid as to the more broad brooutlook. >> the outlook is not improving. it's deteriorating for the eurozone. economic fundamentals are getting worse particularly in the countries of germany and france. these are the countries we revise down the most. in the periphery, there are signs that the recession is stabilizing. we're below the consensus. typical view is that the economy will broadly stagnate next year, we think it will continue to shrink and the ecb will continue to cap interest rates and perhaps at shall point the bond buying program will be in spain. >> and so when we talk about the sequence of events that markets are looking for the next couple of months, the main one still seems to be when spain asks for aid. pushed into the first quarter of next year now in your view? >> i think there are two windows of opportunities really. the first one stretches in t
CNBC
Nov 22, 2012 4:00am EST
including the economy could be even worse than what we just discussed. in that case i think spain would ultimately have to apply. but i don't think they'll do that over the coming weeks. >> all right, ricardo, good to talk to you. thanks for that. don't forget, of course, if you have any thoughts, questions, comments, e-mail us at cnbc.com. it's thanksgiving to u.s. markets, so they're closed, so that means we have a special three hour show for european and asian viewers today. still to come, india's parliament has opened its winter's session for what could be a tough first day back to business for the prime minister. we'll find out what opposition he faces from our correspondent in mumbai. we'll also find out why asian casinos are putting their chips on the table despite slow economic growth in the region. and obama saves cobbler, but many of his turkey friends will end up on the table today. we evaluate the cost of a thanksgiving dinner with a soft commodities expert. all of that and lent more coming up over the course of the next three hours. it's not just eurozone pmis. china's manu
Search Results 0 to 6 of about 7